A non-governmental organisation, Partnered Advisory, has constructed the capability of entrepreneurs beneath its Investor Magnet Launchpad aiming to equip them with the requisite abilities set to safe investments.
The initiative delivered sensible coaching to assist entrepreneurs higher perceive investor expectations and strengthen their capability to draw funding.
In keeping with the Innovation Spark, an estimate of $121 million was raised by startups in 2024, representing a 95 p.c enhance from the earlier yr in Ghana.
Nonetheless, addressing the media, the Lead Facilitator of the coaching, Diane Akuffo stated the vast majority of the early-stage ventures had been recognized as not having adequately ready to safe investments.
She added that this had created a spot between founders and funders, making it troublesome for entrepreneurs to entry investments for his or her entities.
“Many promising concepts wrestle to obtain funding not as a result of they lack potential, however as a result of the companies will not be offered in a fashion that demonstrates readiness”, she stated.
She indicated that the coaching classes lined important subjects comparable to refining enterprise fashions, figuring out and avoiding pink flags that deter buyers, and creating compelling funding pitches.
Madam Akuffo stated that the members had been guided to discover different funding choices that transcend conventional enterprise capital.
“As Ghana’s entrepreneurial ecosystem continues to develop, there may be rising recognition of the necessity for extra than simply modern concepts. Startups should additionally exhibit readability, construction, and a strong development technique to draw and handle funding successfully”, she defined.
She stated that the Investor Magnet Launchpad is contributing to the event of a brand new era of investment-ready startups by equipping entrepreneurs with sensible instruments and insights.
“With sectors comparable to local weather innovation and digital options on the rise, getting ready founders to efficiently have interaction with buyers is changing into extra vital than ever”, she d.
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DISCLAIMER: The Views, Feedback, Opinions, Contributions and Statements made by Readers and Contributors on this platform don’t essentially characterize the views or coverage of Multimedia Group Restricted.
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